Shortly before Allbirds went public in 2021, it set a target to cut its carbon footprint to virtually nothing by the end of the decade.
Efforts to meet that ambition “are a large part of the reason we expect to grow so quickly,” co-CEO Joey Zwillinger told analysts last February, forecasting a year-over-year sales increase of as much as 32 percent.
Instead, revenue grew just seven percent in 2022, falling for the first time in the fourth…